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Lee Petty

The Farm Credit Difference

What makes Farm Credit Midsouth different from other lenders?

Lee Petty

Barton Branch Manager

If you’ve been a member of the Northeast Arkansas ag community for a while, you may be familiar with Farm Credit Midsouth and what we do. But we thought it might be a good idea to put pen to paper for those who may be new to the area, farmers starting out, or those who reside in rural communities who may unknowingly be eligible for our products and services.

Who is Farm Credit Midsouth?

Farm Credit Midsouth is a locally owned and managed financial cooperative that is a part of the national Farm Credit System dedicated to making a significant and positive impact on agriculture and the communities we serve. Farm Credit Midsouth is a part of the AgriBank district who obtains the necessary financial funding through the Federal Farm Credit Banks Funding Corporation. Our mission is to support rural communities and agriculture with reliable, consistent credit and financial services, today and tomorrow.

In short, we mean it when we say, “We Know Ag.” A good number of our team members have backgrounds in agriculture, we understand the unique challenges the industry presents, and because of that, our products and services are specifically tailored to that community. We invest time, energy and dollars into supporting ag at all levels, from the youngest 4-H members to farmers who have been Members for decades.

The History

With rather humble beginnings, what is now Farm Credit Midsouth began as a National Farm Loan Association in 1916. Over an 85-year period, the name underwent several changes to Federal Land Bank Association and Production Credit Associations. Finally, in 2001 the name was changed to Farm Credit Midsouth. While changes in names and structure have occurred over the years, the concepts and values of the original organization remain the same: to support the growth of rural America.

What Makes Farm Credit Midsouth Different from Other Lenders?

Our Patronage Payout Program is one notable difference. To us, you’re more than a borrower. As a cooperative, Farm Credit Midsouth Members are actually owners/investors in our company. What does this mean for you? It’s simple. When Farm Credit Midsouth profits, as an investor, you receive a portion of the earnings as determined by our board of directors. In fact, in February of this year we were privileged to return $6.7 million in patronage to our Members. In total, since 2005, we have returned more than $74 million. All borrowers with loans and/or leases contributing to the Association’s net income are eligible. So, if you have a loan with Farm Credit Midsouth that contributes to our annual profits, we return a portion of those earnings to you in the following year. It’s a benefit that sets us apart from other institutions, and according to our Members, a good reason to do business with us!

Visit to learn a little more about our Association and how we might further partner with you to make your vision a reality. Then call your local Farm Credit Midsouth branch and let’s get started!

Lee Petty is a graduate of Arkansas State University with a bachelor’s degree in Agriculture and of the Barret School of Banking. He started his career with Farm Credit in 1987 in West Memphis as a loan officer and was promoted to Branch Manager in Helena. Lee currently is Vice President, Branch Manager of the Barton Branch. In his spare time Lee enjoys golf, yard work, and carpentry.

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